For sale· 51 days on market
829 3RD
Ocala, FL, 34470·MLS# O6430764
$399,000
Estimated $2,613/mo estimated
- 4
- Bedrooms
- 3
- Bathrooms
- 1,676
- Sq ft
- 0.10 ac
- Lot size
- 1938
- Year built
- $238
- Per sq ft
- Residential
- Built 1938
About this home
Income-producing LEGAL TRIPLEX in a high-demand rental pocket of Ocala 829 NE 3rd Street is currently producing $3,770 in total monthly rent, offering a compelling blend of immediate cash flow and long-term upside. Positioned just minutes from downtown, the property sits on a spacious, tree-lined lot that consistently attracts tenants seeking both convenience and a quiet residential setting. Each unit features functional layouts, supporting strong rental appeal and tenant retention. A dedicated on-site laundry area adds additional convenience and operational efficiency. With durable interior finishes and broad tenant appeal, the property is well-positioned to minimize turnover and support stable occupancy. For investors, the opportunity lies in rent optimization and continued market appreciation, with potential to increase returns through strategic management and incremental improvements. Whether you're looking for a cash-flowing asset today or a value-add play with upside, this triplex delivers a strong foundation for both income and growth.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 3 full
- Living area
- 1,676 sqft
Property
- Type
- Residential
- Year built
- 1938
- Lot size
- 0.1 acres
Financial
- Annual taxes
- $2,072.29
- Price / sqft
- $238
Estimate your monthly payment
$2,613/ month estimated
- Principal & interest$2,081
- Property tax$366
- Insurance$166
Illustrative estimate — not a lending offer.
Location
Ocala, FL
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Courtesy of ALPHA EQUITY REALTY & MANAGEMENT INC
reThought Real Estate
My local team · (407) 974-5509
$399,000
4 bd · 3 ba · 1,676 sqft